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What are the similarities between private and public enterprise?
Wiki User
∙ 11y ago
Both companies are incorporated, meaning that they have separate legal identies to the owners of the business, they also have limited liability, where shareholders will only lose the amount of money they invested into the business, if the business became bankrupt.
To set up these companies you must sent two documents, a Memorandum of Association, giving the name, address and objectives of the business, along with an Article of Association, describing the internal rules of the company i.e. how it will be run.
The final similarity is that both companies are owned by shareholders, therefore the more shares you own in these businesses, the more control you have of these businesses. The difference here is that in private limited companies, all existing shareholders must agree before any more shares in the business are sold, and in public limited companies, anyone can buy shares, if the company can find people who want to sell their shares for them.
Wiki User
∙ 15y ago
Ben Patrick
Legal Entity or Status: Both companies are legal entity i.e it can sue and be sued and sued in their own name.
Limited Liability: Both companies have limited liability meaning that in the event of liquidation,the shareholders can only lose the value attached to the shares they contributed
Wiki User
∙ 16y agoPLC and LTD both have a (AGM) Annual General Meeting and both have to pay dividend
Wiki User
∙ 11y agosimilarities
Brayan Tchinda
[object Object]
Anonymous
Its name ends with lts while public its name ends with plc
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